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HomeMy WebLinkAbout22-040 Directing the City Manager to Include the Remaining Banked Property Tax Capacity and Restric $908,000 for Respective Capital Projects in the 2023 City BudgetResolution 22-040 RESOLUTION NO. 22-040 A RESOLUTION OF THE CITY COUNCIL OF THE CITY OF PORT TOWNSEND, WASHINGTON DIRECTING THE CITY MANAGER TO INCLUDE THE REMAINING BANKED PROPERTY TAX CAPACITY AND RESTRICT $908,000 FOR RESPECTIVE CAPITAL PROJECTS IN THE 2023 CITY BUDGET WHEREAS, in February 2019, voters approved the annexation of the City of Port Townsend into the Jefferson County Fire District No. 1, doing business as East Jefferson Fire and Rescue (EJFR); and WHEREAS, as part of the annexation, the City no longer makes general fund payments to EJFR for fire protection; and WHEREAS, as part of the annexation agreement, the City agreed to reduce the collection of property taxes in an amount equivalent to the prior general fund payment unless the City used the funds for specific purposes; and WHEREAS, in 2020, the City did not levy any of the restricted funds given the COVID-19 pandemic; and WHEREAS, City staff has conducted public outreach regarding a proposed levy of some of the restricted funds and the possible uses for them; and WHEREAS, the City Council held a public hearing regarding the proposed levy of funds and possible uses for them on September 6, 2022 after publishing notice of the hearing in City's official newspaper; NOW, THEREFORE, BE IT RESOLVED by the City Council of the City of Port Townsend, Washington, that the City Manager is directed to include the remaining banked property tax capacity from the restricted fire annexation property tax and to restrict $908,000 for respective capital projects in the 2023 City Budget. ADOPTED by the City Council of Port Townsend, Washington, at a special business meeting thereof, held this 17th day of October 2022. Davir w Mayor Attest: Alyssa Rodrigues City Clerk Approved as to form: .ecm *o( City Attorney